Where would you invest $1000
Is this lock down good or bad thing for us?
The world is passing through a pandemic, like most of us never seen before. During the lock down around the world, we were granted with a second chance. Why?
Well, because we got a way out of our 8-5 jobs, that many of us hate.
During the lock down, we were granted a chance to start again, having the time to stay more with our families, finishing that long dreamed landscape in the back garden, or your man cave with that pool table! Sounds Great, isn't it?
You can use this time to finish that TV show that you never had the time before. You can enjoy more time with your beloved ones, with your pet. You can do everything you couldn't do before.
Are you gonna stop here, in this moment and just go with the flow? Or shall we take action, planing what's next?
Where to invest $1000?
Well, many of us, who worked hard, might have some well-deserved savings, and thinking about investing some money. Right?
What would you do if you would have $1000 to invest, money you "don't need" ? Money you can risk investing, because you have reserves for rainy days, you can pay your rent,bills, even without that $1000.
Would you buy that new TV you always wanted? Would you buy that motorcycle?
Or maybe, you could start investing in the stock market, right? Amazon, Facebook, Apple, Microsoft, Banks, Wells&Fargo, Gold, Oil, they're all falling, you can't be wrong buying stocks!
Let's make an exercise of imagination. You invest now $1000 in the stock market, money you "don't need", in a year time, you doubled your money!! YAYYY! Congrats. You just made an easy 1grand. Feels good? Now think about, this, is that gonna be a life-changer?
Where would I invest that $1000? INTO MYSELF!
That's right, I would invest into myself. I would start that online photography course I never had time or money to start. I would start that nutrition course I always wanted, I would buy myself that expensive lenses, to upgrade my photography business.
I would do anything that could help me to reach my goals! You wanna become a writer? Take writing classes!! You wanna be a singer, or a doctor, or just a successful entrepreneur, invest in yourself! Take piano lessons, singing lessons, acting lessons, whatever you wanna be!
Now it's the best time of our lives. This will not happen again, we have the opportunity to make our dreams become reality! Covid19 can be both a curse and a blessing.
Depends on which side are you looking at!!! It is up to as to take this time, and make sure to prove mother nature that we are not wasting it, and we come out exactly what we wanted to come out!!
You could be excited making a profit investing your thousand dollars, but going long term you can earn tens of times more, by developing your skills. Plant that trap, and catch them all fishes, don't go to fish with your old damned rod!
That's all i wanted to share with you!
Stay Safe!
Norbert
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Very good point--just like with my stocks--I "pay" myself first every month--even if I don't have it!
Jeff
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This is a phenomenal post. And I like Warren Buffet quote.
Thanks. I think it is very important to invest in yourself before going BIG. The material wealth you earn can always be taken away, but the knowledge will stick with you even if you're broke today, you'll still have the knowledge to earn money, and in the long term it's gonna be a life-changer!
Well said.